Historically, the hills, combined with the town being built at the lowest bridge-point on the River Forth, led to Stirling's importance as a main gateway to the Highlands. They also acted as a boundary to the Kingdom of Fife. Castle Campbell was built at the head of Dollar Glen in the late 15th century (an earlier castle on the site being called "Castle Gloom") mainly as a very visible symbol of the Campbell domination of the area. Sheriffmuir, the site of the 1715 battle of the Jacobite rising is on the northern slopes of the hills. In the early Industrial Revolution, several mill towns such as Tillicoultry, Alva and Menstrie (the Hillfoots Villages) grew up in the shadow of the Ochils to tap the water power. Some of the mills are open today as museums.

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A proposal for an 18 turbine development at Green Knowes, south of Auchterarder, north of Glendevon was approved in June 2006. The development will be situated about 400 m north of the Ben Thrush summit. This is now complete.

In early 2007 approval was given for the construction of a wind farm consisting of thirteen 102 m (334 ft) turbines on Burnfoot Hill, which lies north of Tillicoultry and Ben Cleuch and to the south of the Upper Glendevon Reservoir. Construction of this site has begun.